Why We Don’t Know What We Manufacture

Thinking of job declines and Chinese imports, it appears that U.S. manufacturing is declining but the facts show that production is up.

Weekly Roundup: From Overbooked Flights to Immigration Fallacies

This week’s economic news summary included unexpected insight from credit scores, the natural resource curse, and what the bacon cheeseburger can tell us.

How Immigration Disproves the Lump of Labor Fallacy

Whereas immigration can result in more workers, their impact on wages can be neutral because those immigrants create more demand which leads to more jobs.

The Countries With the Best Internet

Whereas we can rank countries’ internet access and correlate internet access to economic growth, quantifying the internet /GDP connection is impossible.

Weekly Roundup: From Fed Dots to Income Traps

Our economic news summary includes interest rates and the Fed, inequality and developing nations, space travel innovation and consumer spending changes.

Part 2: How the Middle Income Trap Could Catch China

While some high middle income economies have slowed down and then accelerated again, using World Bank criteria, China’s economic growth is tough to predict.

Part 1: The Trap That China Wants to Avoid

Currently slowing down, China’s economic growth might be challenged by the middle income trap that has caught Brazil but not Taiwan or Malaysia.

The Yuan Devaluation and the Big Mac Index

Showing the purchasing power of different currencies and under-and overvaluation, the Big Mac Index can provide an understanding of the yuan devaluation.

The Tax We Should Like

Among the least popular forms of taxation, property taxes are the most desirable because of their incentives, whom they target and their resilience.

Greece’s “Cash in the Mattress Indicator”

Cash withdrawals from Greek banks show depositors’ worries about a euro zone departure and monetary policy problems.